Trade agreement could boost relations_美文_趣味英语-查字典英语网

Trade agreement could boost relations

An FTA would create more opportunities for bigger trade and investment among the three countries, he added. Shin also said that he believed a trade agreement would certainly affect the Democratic People's Republic of Korea and push it to open up.

One of the major problems in FTA negotiations is the gaps in development among the three countries, Shin said. "It will take quite a long time to reach an agreement. An immediate resolution is not possible. But it is the will of solving the problems that has pushed these countries together."

Earlier this month, during a meeting of financial ministers from 10 Association of Southeast Asian Nations countries and China, Japan and the ROK (10+3), the group agreed to double the size of their foreign reserve pool, the Chiang Mai Initiative Multilateralization program, to $240 billion to shield the region from global financial risks.

China, Japan and the ROK also agreed at the same meeting on May 3 to increase cross-investment in government bond markets, worth nearly $15 trillion, to better protect themselves in the global financial market.

About the broadcaster:

Emily Cheng is an editor at China Daily. She was born in Sydney, Australia and graduated from the University of Sydney with a degree in Media, English Literature and Politics. She has worked in the media industry since starting university and this is the third time she has settled abroad - she interned with a magazine in Hong Kong 2007 and studied at the University of Leeds in 2009.